Markets

To those who celebrate, Merry Christmas. We believe there has been a complete loss of confidence in the president, the secretary of the treasury and the head of the central bank when it comes to markets. We do not think it a big deal that the central bank raised rates to a measly 2.25%. We…

-BY GARY KALTBAUM- DECEMBER 23, 2018- -We are really nice people. If we had friends, they would tell you. So when we blast  the people in government, it is on behalf of the masses that are hopefully, sick and tired of what these interlopers in the markets have done…enabled massive debt, massive deficits and massive…

Firstly, we find it funny that anyone would expect any better from these miseries in Washington DC from both parties when just about every one of these “leaders” that are paraded on TV have been a part, enabled and spent our tax dollars into oblivion as we are approaching $22 trillion of debt. That’s $22…

-We have been telling anyone who would listen that this Fed was not listening to the markets. We have been telling you this was a problem as markets have been yelling and screaming that the economic numbers were heading south. We have been telling you that this last rate hike was the last and that…

Another economic number comes out much less than expected as durable goods not so good. We prepared you for this weeks ago as we stated the norm for earnings as well as economic expectations would be coming down and most surprises would be to the downside. The DOW is now beyond stretched and extended to…

Said it all past few days on market. Really speaks for itself now. Hope you listened. Futures flattish. Price is waaaaay stretched and extended to the downside. Bearishness has picked up markedly but oversold becomes more oversold. The main problem now is Jay Powell does not have the foggiest clue that the best economist in…

-“JAY POWELL SAYS THE MARKET IS WRONG?”- -By Gary Kaltbaum-December 19, 2018- -Did we hear him correctly? Jay Powell did not say the market is wrong in those words but he might as well have said those exact words. Jay Powell all but said:- -Transports in a bear market are not telegraphing anything.- -Russell 2000…

FEDEX hit hard but FEDEX doesnt matter. MICRON down nicely…looks like they lowered by a measly $1 billion.